HSBC has announced a partnership with Clearstream to enable international central securities depository (ICSD) customers to access China's Interbank Bond Market (CIBM).

Ian Banks, Head of HSBC Securities Services for
Asia-Pacific, said: "Partnering with Clearstream places us in an
excellent position to help foreign institutional investors tap
into opportunities in the world's third largest bond market,
where approximately RMB54 trillion is currently traded
interbank."

Philip Brown, Co-Chief Executive Officer of
Clearstream Banking S.A., said: "This development coincides with
an important milestone, i.e. the inclusion of the RMB into IMF's
SDR currency basket, which is expected to boost investors' demand
for what is already the third largest bond market in the
world."